Bullish momentum starts building up again at $45.36

Litecoin price analysis shows the LTC prices are currently showing some bullish momentum building up again after a brief period of consolidation in the $45-$46 region. The prices have found some support near the $40 level and are currently trading around the $45.36 mark. The current market scenario suggests that Litecoin may rise towards the $50.36 resistance level in the near term. However, if the price fails to sustain above the $46 level, it may fall back towards the $40 support level.

Litecoin price analysis shows that the digital asset has started gaining some momentum as the trading volume is increasing lately, which is currently at $945,452,917.LTC is ranked at position 19 and the total volume market cap is sitting at$3,175,632,020. Litecoin price analysis suggests that the digital asset is likely to continue its upward trend in the near term as long as it sustains above the $45.36 mark.

The 1-day Litecoin prices analysis shows that Litecoin has started to retest the $50.36 resistance after a brief consolidation period in the $46-48 region. Litecoin price analysis has found support at $40 and is currently trading around the $45.36 mark. The bearish tried to push the prices below the $40 support level but failed to do so. In the last 24-hour timeframe, the technical indicator Relative Strength Index (RSI) has risen above the 50 level, which indicates that Litecoin prices may continue to rise in the near term.